So what this helps with is that it gives you more money to put in your pocket versus having to do on the down payment and/or give you more money to offer over that sales price because right now, we are in a seller's market here in Las Vegas. Now, at the end of the day, most prices on homes are going to be in that three to $600,000 range. We typically don't see buyers getting into the seven, eight, and $900,000 price points unless they're going into a semi-custom home or new construction and/or the higher echelon of property prices here in Las Vegas, Nevada.

 Nonetheless, you can also still do some first-time home buyer programs up to that $647,000 loan amount as well, such as Fannie Mae HomeReady with as little as 3% down, reduced interest rates, and reduced mortgage insurance. Freddie Mac also came out with a new program as well, where they're giving up to $2,500 towards the borrower's down payment or closing costs, their choice. Again, it has to be under that $647,000 purchase price. So if you are a first-time buyer, there are some programs that are still available for you to get assistance in qualifying for that home loan. And if you are a first-time buyer in general and you're just looking for the lowest out-of-pocket expense possible, that way, you have additional funds to work with the seller and/or just reinvest back into that property; there are still options out there for you.